Lee Jae-myung and Yoon Seok-yeol economic policy confrontation… Keyword is ‘public vs private’


Friendly economy time. Today (10th), I will be with reporter Kim Hye-min. Now the presidential candidates are confirmed, from each party. And now, it seems that a two-way structure has been formed between the two major presidential candidates, but to be honest, we didn’t talk much about the policies of the two candidates. But today, are you going to take a look at the economic policies of these two candidates?

The presidential election is still four months away. So the policy commitment is not yet complete. However, there are already clear differences of opinion. Today we are going to focus on this.

The first is real estate policy, and the fundamental solutions of the two candidates are similar. The goal is to stabilize real estate prices by increasing the supply, and the goal is to increase the number of new homes by 2.5 million during the tenure.

However, there is a slight difference in how to increase the supply from this point on, and I believe that candidate Lee Jae-myung ‘public’ should take the lead first.

The basic idea is this. We will make it possible for ordinary people without a home to live comfortably in a good house for the rest of their lives if they want without having to buy a house.

A good housing is a ‘basic housing’, which refers to a ‘public housing’ where a homeless person can live in a station near a station for more than 30 years without paying a low rent. It is said that it will supply at least 1 million units out of the total of 2.5 million units.

On the other hand, Candidate Seok-Yeol Yoon is making a promise to increase supply led by the private sector?

Candidate Yoon believes that real estate policies should be resolved according to market principles. To do that, regulations must be relaxed, and there are many apartments built over 30 years in the city center. The plan is to increase the supply of housing by redeveloping and rebuilding this area led by the private sector.

Also, ‘cost housing’ similar to ‘basic housing’ or ‘the first house near the station’ were brought out, but the total supply of these two is 500,000 units, so the scale is much smaller than this candidate.

As for the solution to the ‘real estate tax’, the promises of the two candidates are diametrically opposite. Candidate Jae-myung Lee is saying that he will catch speculative demand by introducing a ‘land tenure tax’.

Conversely, Candidate Seok-Yeol Yoon plans to reduce the burden of capital gains tax and property tax for single-family homeowners, as well as loosen restrictions on bank loans.

In real estate chatrooms, there are already predictions that, if a certain candidate is elected, house prices will rise or fall.

Predicting house price trends just because a particular candidate is elected can be dangerous, so it is better not to trust too much.

So, there is a difference in where candidate Lee Jae-myung is led by the government, and then candidate Yoon Seok-yeol is led by the mayor rather than the government, and the private sector leads, giving weight. Recently, two candidates clash over disaster relief funds. What difference does it make?

In fact, it is not an exaggeration to say that the promise of disaster aid is flowing into a ‘promise to sow money’. Candidate Jae-myung Lee has been insisting that the entire nation should be provided with disaster relief funds.

Last month, he said in detail, “Each person should receive 1 million won, but since nearly 500,000 won has been paid, we have to pay an additional 300,000 to 500,000 won.”

Here, the Democrats responded. We have changed the name to ‘With Corona Prevention Support Fund’ and decided to pay up to 250,000 won per person in January next year.

Candidate Seok-Yeol Yoon also has plans to support disaster relief. However, they argue that it should be given to the self-employed who have suffered damage from the government’s business restrictions, not the entire nation.

In principle, I will spend 50 trillion won on this, saying that the full amount should be compensated. I said this. We haven’t decided how to divide this yet, and we have said that we will release it within 100 days.

Regarding these promises, former Deputy Prime Minister Kim Dong-yeon dismissed them as “both candidates are saying they don’t even know how to finance.”

When we look at welfare policies, universal welfare and selective welfare always collide like this. It seems to me that a similar thread is continuing. Lastly, what about the differences between the two candidates in their promises to the younger generation?

For both candidates, youth votes are very important. There is a difference in the youth pledges, too. Candidate Jae-myung Lee plans to give more to young people.

A youth basic income of 1 million won per year is provided to young people in their 20s. Some of the 1 million basic housing units are allocated to young people first.

On the other hand, Candidate Seok-Yeol Yoon is in a position to give young people a ‘fair opportunity’. Some large corporations’ unions have inherited employment, so young people are feeling deprived of it.

Eliminate this employment hereditary. We will also create a self-reliance program for young people whose parents are in debt. These promises are also noteworthy.

In fact, the promises of the two candidates, including the youth policy, are not yet ripe. It will be a little more concrete before the election, but then I will compare them in more detail one by one.


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